Building an efficient, experienced and effective team in real estate is crucial to ensure the success of your investment. Investors need to vet all professionals involved; wholesalers, realtors, analysts and contractors. Each partner takes a very significant role in the process. Our team has done extensive vetting over the years within the Washington D.C. area which enables us to provide expert knowledge to our clients with tried and true tips that can be applied universally.
Putting together the right team of experienced professionals can bring you outstanding benefits and help bring your real estate dreams to fruition. Here are a few items to take into consideration when selecting the right people to support your investment.
Evaluate your needs: What sort of property are you looking for and what is your time frame? Finding a skilled team of talented wholesalers rather than one individual is key when looking for the right investment property to meet your goals. They need to have a firm understanding of what it is you want, be proactive in the search, know the geographical area extremely well and have the distinct skill set to identify a property that could be sold for above average profits. If you are looking for an immediate investment, you need to have an experienced team working on your behalf to identify a viable property. Time is money.
The key players: When investing in properties investors should only consider hiring experts with highly reputable real estate work experience. It’s crucial. Who you need on your team:
- Financial lender(s)
- Acquisition analyst
- Real estate agents
A comparative analysis of individuals in each vertical helps an investor align their specific needs with the most qualified candidates.
Lead with passion: Do not forget the most important part of building a team is being a leader and making sure your goals are met so you can attain financial freedom. As the team leader, you’re in charge of every member and it’s important to have a reliable, notable and trustworthy team to maximize opportunities, minimize risk and bring you above-average returns.